Murdoch Shoring Up His War Chest

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By: Mark Thompson | CNN Money

Rupert Murdoch is raising cash to pursue U.S. ambitions.

21st Century Fox (FOXA), home to Murdoch’s film and TV businesses, is merging its satellite TV operators in Italy, Germany and the U.K., creating a European market leader and pocketing £4.9 billion ($8.3 billion) of cash.

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